D-FW leads the country in apartment construction and leasing

More than 43,000 apartments are being built in North Texas.

Dallas-Fort Worth is hanging on to its ranking as the country's top market for new apartments.

And the outlook for next year is that more new rental units will open their doors in North Texas, according to a new report by RealPage.

This year, developers are expected to add 19,632 new apartments in the D-FW area.

And in 2020, another 24,309 rental units are scheduled for completion, RealPage predicts.

"There's lots more apartment product on the way in North Texas than in any other market across the country," RealPage chief economist Greg Willett said. "While we've been adding big blocks of product throughout recent years, there's a tendency to start another property for every one that gets finished."

During the last 12 months, developers have finished almost 285,000 apartments nationwide. And another 359,000 rental units are set for completion across the country during the year ahead, RealPage forecasts.

The number of U.S. apartments coming to the market in 2020 is expected to reach an all-time high.

More than 43,000 apartments were being built in the D-FW area — more than in any U.S. metro area, according to RealPage. The Washington, D.C., area is a distant second with about 29,000 new apartments on the way.

Houston is expected to see the biggest year-over-year increase in apartment deliveries in 2020.

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But D-FW will remain the overall top apartment delivery market ahead of Los Angeles and Washington, D.C.

North Texas apartment development has boomed in the last few years as the region has seen record employment growth and population gains.

As of June, the D-FW area had created 120,000 new jobs during the previous 12 months. Only New York with a 123,800 employment gain has seen more new jobs in the last year.

The demand for workers in North Texas is driving migration to the area, which has kept leasing of local apartments strong.

At the end of the second quarter, less than 6% of D-FW area apartments were vacant.

The D-FW area is the top apartment leasing market in the country this year, with annual net leasing of 24,143 units, according to RealPage.